Hanson & Doremus Investment Management Purchases New Position in Global X U.S. Infrastructure Development ETF (BATS:PAVE)

Hanson & Doremus Investment Management acquired a new position in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 705 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PAVE. EP Wealth Advisors LLC acquired a new position in Global X U.S. Infrastructure Development ETF during the third quarter worth approximately $31,003,000. Axxcess Wealth Management LLC raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 1,243.3% in the third quarter. Axxcess Wealth Management LLC now owns 678,063 shares of the company’s stock valued at $27,909,000 after buying an additional 627,585 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Global X U.S. Infrastructure Development ETF by 3.0% in the third quarter. Bank of Montreal Can now owns 20,077,534 shares of the company’s stock valued at $822,978,000 after buying an additional 586,418 shares during the last quarter. First Interstate Bank lifted its position in Global X U.S. Infrastructure Development ETF by 47.6% during the 3rd quarter. First Interstate Bank now owns 1,109,398 shares of the company’s stock worth $45,663,000 after acquiring an additional 357,771 shares during the period. Finally, Raymond James & Associates grew its position in Global X U.S. Infrastructure Development ETF by 64.3% in the 3rd quarter. Raymond James & Associates now owns 781,038 shares of the company’s stock valued at $32,148,000 after buying an additional 305,548 shares during the last quarter.

Global X U.S. Infrastructure Development ETF Stock Up 2.9 %

Shares of BATS:PAVE opened at $42.64 on Friday. The firm’s 50-day simple moving average is $42.74 and its 200-day simple moving average is $41.08. Global X U.S. Infrastructure Development ETF has a fifty-two week low of $13.80 and a fifty-two week high of $17.80. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 20.28 and a beta of 1.13.

Global X U.S. Infrastructure Development ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 30th were paid a $0.1394 dividend. The ex-dividend date of this dividend was Monday, December 30th.

Global X U.S. Infrastructure Development ETF Company Profile

The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development.